the 1980s and early 1990s, to a low response some time after inflation targeting was implemented. Canada also observed a … regime change, but the decline in the exchange rate response was small relative to the increase in the response to inflation … stayed in a regime of high exchange rate response prior and post implementing inflation targeting. …

inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an … inflation target are tempted to act time-inconsistently and switch from the announced inflation target to an exchange rate … target in order to sustain higher output via surprise inflation. If market participants discover the time-inconsistency, they …

In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as … conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future … Price Index (CPI) when calculating the inflation rate, I find that the null hypothesis can be rejected for six of ten …

the macroeconomist's toolkit. This literature review stresses recently developed techniques for computation and inference …

probabilities. Data augmentation for the multinomial logit model of the transition probabilities is alternatively based on a random …

, inflation, and exchange-rate movements. We perform posterior odds test to investigate the hypothesis whether central banks do …

This paper examines the effects of policy rate announcements on households' inflation expectations over the time period … in the policy rate on inflation expectations is significant and positive. According to the New-Keynesian model, the … information on the direction of future inflation. Given the sizeable weight of housing costs in the Swedish CPI basket, the …